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The wake-up call came as a bit of a shock. Ernesto Zedillo, the highly regarded former president of Mexico and director of the Yale Center for the Study of Globalization, was discussing the record of international institutions and the powerful countries that run them. On their response to unprecedented international cooperation and coordination challenges, he was in no mood to mince words.
We tend to think of globalization in the following way: the rich world exports financial capital, technology, sophisticated goods, and entrepreneurial and managerial skills in the form of foreign direct investment (FDI) to developing countries; the latter, in turn, export people, resources, and low-skilled goods to the rich world.
Everyone says August in Washington, D.C. is quiet. That is of course, unless you are planning to attend the presidential conventions and from what I can tell, just about everyone is sending someone to the conventions. And this time around, CGD is going to both of them.